US Firm Proposes 1,200-Acre ‘American City’ Project Near Noida Airport
In a major boost to the Yamuna Expressway region, a US-based company has sought 1,200 acres near Noida International Airport in Jewar to develop an ambitious ‘American City’ project. The Yamuna Expressway Industrial Development Authority (Yeida) has granted in-principle approval for the project, which aims to establish a world-class educational and cultural hub with international collaboration.
Investment and Development Plan
The American firm, represented by US-based consultancy Blue Sky Vantage, intends to invest $4 billion over the next six years in this mega project. The proposed development will feature:
- A top-tier international educational institute, partnering with leading US universities.
- Facilities for performing arts, including sculpture, dance, drama, and theatre.
- Mixed land use with economic activity ventures, commercial towers, and world-class institutions.
Yeida officials have earmarked land in sectors 22D, 22E, 5, and 5A along the Yamuna Expressway for this initiative. Additionally, 100 acres in Sector 22E have been allocated for a university, with an estimated investment of ₹800 crore.
Why Invest?
Investing in the ‘American City’ project presents a unique opportunity due to:
- Strategic Location: Proximity to Noida International Airport and Yamuna Expressway.
- Global Collaborations: Partnerships with top US universities and institutions.
- High-Growth Potential: The region is emerging as a major business and education hub.
- Government Support: Yeida and state government backing ensure strong infrastructure development.
Future Return on Investment (ROI)
The project is expected to generate significant returns through:
- Appreciation in Property Values: Real estate prices in the Yamuna Expressway region are set to rise.
- Job Creation: Thousands of employment opportunities across various sectors.
- Economic Growth: Increased business activities and commercial investments.
- Rental Yield: High demand for residential and commercial spaces due to global participation.
Boost to the Region
The ‘American City’ project is expected to transform the region into an educational and business hub, attracting investors, students, and professionals from across the globe. The project aligns with Yeida’s vision of developing dedicated international zones, following plans to establish ‘Korean City’ in Sector 4A and ‘Japanese City’ in Sector 5A.
Future Prospects
Yeida has sought final approval from the state government to proceed with the project. Once finalized, this initiative will significantly enhance the real estate market, infrastructure, and economic prospects along the Yamuna Expressway corridor.
Stay tuned for more updates on this transformative development.
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